2007-07-02 — thedesertsun.com
"In recent months, the company has rolled out a new line of smaller, more affordable homes that it hopes will jump-start sagging sales."
...
"Despite the new strategy, KB Home wasn't able to avoid a disappointing second-quarter. On Thursday, it reported a second-quarter loss of $148.7 million, or $1.93 per share, as it booked a charge due to unsold inventory.
"It also posted a 36 percent decline in revenue compared to the year-earlier quarter."
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